Ventia Services Group (ASX:VNT, NZE:CGF) said Challenger (ASX:CGF) raised its voting power in the firm to 6.24% from 5.03%, as of May 29, according to Tuesday filings with the Australian and New Zealand bourses.
Challenger now holds 51.2 million shares in the firm.
Ventia's shares rose nearly 2% in recent trading on the New Zealand bourse.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.